NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has
filed a class action lawsuit on behalf of purchasers of the securities
of Asanko Gold Inc. (NYSE:AKG) from October 24, 2014 through May 31,
2017, inclusive (the “Class Period”). The lawsuit seeks to recover
damages for Asanko Gold investors under the federal securities laws.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Asanko Gold’s Mineral Resource Estimates are flawed; (2) some of Asanko
Gold’s resources models exhibit signs that they have been “smeared,”
which would cause estimates of their ore contents to be inflated; and
(3) as a result, Asanko Gold’s public statements were materially false
and misleading at all relevant times.

On June 30, 2016, hedge fund K2 & Associates published a report
asserting, among other things that Asanko Gold’s gold resources “don’t
add up” and appear to be over-inflated by a factor of two. On this news,
shares of Asanko Gold fell $0.15 per share or over 3% to close at $3.81
per share on June 30, 2016, damaging investors. On May 31, 2017,
research firm Muddy Waters published a report asserting, among other
things, that: (1) Asanko Gold made investments based on flawed geology
in Nkran, its satellite pits and Esaase that Muddy Waters believes “will
never be recovered”; and (2) there are indicia that some of Asanko
Gold’s resources models have been “smeared”, which would cause estimates
of their ore contents to be inflated. On this news, shares of Asanko
Gold fell $0.58 per share or over 31% to $1.29 per share during intraday
trading on May 31, 2017 and were halted, further damaging investors.

A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than July 31, 2017. If
you wish to join the litigation, go to http://www.rosenlegal.com/cases-1139.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at
866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation
by Institutional Shareholder Services for the number of securities class
action settlements annually obtained for investors.